Posts
August 22 2024
Client Alert: California Reforms the Private Attorney General Act
California recently enacted legislation significantly reforming the state’s Private Attorney General Act (“PAGA”), which permits individuals to pursue penalties for employer violations of the California Labor Code provisions on their own behalf and on behalf of other “aggrieved employees.”
Click here to read the alert.
August 21 2024
Client Alert: Texas Court Permanently Blocks FTC Noncompete Rule
As expected, on August 20, 2024, a federal judge in Texas permanently blocked the Federal Trade Commission (“FTC”) rule banning most employee noncompetition agreements (the “Noncompete Rule”). The judge held that “the FTC lacks statutory authority to promulgate the Noncompete Rule, and that the Rule is arbitrary and capricious.”
Click here to read the alert.
August 20 2024
Amanda Fugazy, head of EGS’ Labor & Employment Law Group and Co-Head of EGS’ Hospitality Practice, was quoted in Law360 discussing the growing complexity of wage suits affecting NYC restaurants. With the ever-changing landscape of labor laws, it’s more crucial than ever for restaurants to stay informed and compliant.
Click here to read the full article.
August 19 2024
Client Alert: NYSE American Places Higher Gross Proceeds Thresholds for IPOs
Recently, members of our firm have heard from the NYSE American Exchange of a policy change under which listings for initial public offerings on the NYSE American will not be accepted unless the gross proceeds from the IPO is $10 million or greater.
Click here to read the alert.
August 16 2024
Caitlin Breen, an associate of the Firm, wrote an article for Total Food Service titled: “New York State and City Prioritize Safety Issues Surrounding E-Bikes.”
Click here to read the article.
August 13 2024
Bolt Threads, Inc. announced the completion of its business combination with Golden Arrow Merger Corp. EGS acted as counsel to the investment bank, BTIG, LLC.
August 08 2024
EQV Ventures Acquisition Corporation announced the pricing of its initial public offering in the amount of $350,000,000. EGS acted as counsel to the underwriters.
August 02 2024
Tristar Acquisition I Corp., a special purpose acquisition company, announced the completion of their previously announced business combination with Helport AI Limited (together with its operating subsidiaries), an AI technology company serving enterprise customer contact centers with intelligent products, solutions and a digital platform. EGS acted as counsel to Tristar Acquisition I Corp.